Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-04-19

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sare1UstAnoa' whieh Il i Ahsslsasiy
tEpo@ssble 20 fortcasta VITA entire ssr-
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a1s's eest i1agmsuI 81 IL i IN the
cAss 81 rial estate. A piscs Of lard
upan Rront o. sessEd Esress hss. hrxt, Q
certain istEinzss valne son. aud then Is
has vhat may BE- called = prospective
vAlns- Ths former Is easily aaeexs aimed
All fhai Is IL nsssssaEy 10 Do h hrss 10
sonss6eE for wAat puFposss the lad Is
valuabls. Then one musf essimsss
The est Of the InproxeDsnts
iD tbe way Of buildings. ste.. that
10 vIn Be ahssisteig necessary 70
sake 10 order 10 utilize The Iasd, and
when this b dons dstsrnins What IN
cone can safely b counted upon from
the land and its inpEOvsnentA II The
income from The property e 8 whole.
vii net ten OF twelve per oenf, holding
the land 81 . certain price. then it il
clear that sush . price IL al that TIE
land IL worth today. Bas real estate
holders say, and very properly, that q
population Increases and business En-
pands, the value Of land vii increase
This 10 unqasstionsbly true. and such g
val1e constitutes vsat We have termed
. prospective value. Nov. is il pes
sible 10 arrive II anything like . ooFFscl
estimated Of the prospective valus Of
real estatsf We certainly think that Il
ls. Any conservative man can iudgs
pretty correctly Of the probable rate oil
increase In our population during q givsr
time. This being 90 10 IL . comparAtivels
EASY matter 10 turn 10 other cities Of 8
population equal 10 What We estimass
that oar own population vilI be at ID.
time hIed, snd see what property SINH
larry situated IL worth there. This /.
by no means an accurate test, but Il
furnishes ~ With an approach 10 as.
euFncy. II certainly enables us 10 ssy
With almost absolute certainty that, d
land In q city Of enc hundred thousand
inhabitants today is worth q certain
price, land similarly sitaated in oul
own city is not worth one. half. or sne-
quarter - mach. and that at the mosi
rapid rate that We can hope to grow Il
gill Be many years before Il uiIl equal
u IN valoe. In the meantime. Vhils the
city is growing. there is the interest and
the taxes that have 10 be considered
and they OF themselves form no inoon-
siderable item when land. particularly
q uninproved and paying no rental, Il
held for any length Of time. All OF
these things should be thought Of and
carefully " iRbsd BY the men who hold
and In Seattle today. for upoa them 70
q great extent depends the Glow or rapid
growth Of the city. There is at the pre-
cent time q great deal Of outside oapi a
that is ready and anxioas to come in
here II u can o. 90 a prices that will
ensure q fair return. II this capital il
admitted the result will be that our city
will Be adorned and improved aad q
great impetas will be given to all
branches OF trade. Bat ", on the other
hs3d, land is held entirely out Of tbs
naFks,, or held at prices thai
absolutely preclude the possibility
Of even moderate returns. capital will
seek investment elsewhere and ve will
and, 10 nee . somewhat hously phrase,
that We have killed the goose that laid
the golden egg" Far be 70 from as "a
arse any property holder to sell biz
property q, less than its actual value
And our ideas ss 10 the probable growth
Of the city that should be countsd upon
IN determining that value are, ve think
a. extravaeant as those Of the most en-
shusiastic believer in its possibilities
All that re contend is that q valus
'hoald be nxed. and q reasonable one
all things considered, and an oppsF
tunity be given 10 the capital thai Il
knocking at our doors 20 enter and
make improvements that we have MOI
the means 10 make ourselves.